Apple is nearing a mete out to buy music recognition app Shazam at a valuation in the hundreds of millions of dollars, discrete outlets reported Friday.
TechCrunch first reported the news.
Recode divulged that the price could be as high as $400 million, and that the negotiation could close as early as next week. A price that high-priced would make the deal one of Apple’s largest to date, though peaceful a drop in price from the $1 billion Shazam was valued at during its endure funding round, according to Recode.
Apple declined to comment to CNBC. Shazam did not closely respond to a request for comment.
Shazam is currently one of the App Store’s most acclaimed downloads and is integrated into Apple’s Siri voice assistant.
Shazam reported profuse than 1 billion downloads last year and monthly users in the hundreds of millions.
Reparation: An earlier version of this story reported that the deal was Apple’s brawniest.